Over the past 7 days, the Canadian market has risen 1.0% and is up 27% over the past year, with earnings projected to grow 16% annually. In this context of growth, identifying stocks with solid financial foundations is critical for investors looking for value and potential growth. Penny stocks, while a somewhat outdated term, remain relevant because they often represent smaller or newer companies that can offer significant growth opportunities when supported by strong fundamentals.
Name |
Share price |
Market capitalization |
Assessment of financial health |
PetroTal (TSX:TAL) |
0.67 Canadian dollars |
620.88 million Canadian dollars |
★★★★★★ |
Findev (TSXV:FDI) |
0.42 Canadian dollars |
11.75 million Canadian dollars |
★★★★★☆ |
Winshear Gold (TSXV: WINS) |
0.18 Canadian dollars |
4.4 million Canadian dollars |
★★★★★★ |
Mandalay Resources (TSX:MND) |
3.34 Canadian dollars |
297.04 million Canadian dollars |
★★★★★★ |
Pulse Seismic (TSX:PSD) |
2.37 Canadian dollars |
119.71 million Canadian dollars |
★★★★★★ |
Amerigo Resources (TSX:ARG) |
1.80 Canadian dollars |
303.41 million Canadian dollars |
★★★★★☆ |
Foraco International (TSX:FAR) |
2.37 Canadian dollars |
221.84 million Canadian dollars |
★★★★★☆ |
East West Petroleum (TSXV:EW) |
0.04 Canadian dollars |
3.17 million Canadian dollars |
★★★★★★ |
Newport Exploration (TSXV:NWX) |
0.115 Canadian dollars |
12.14 million Canadian dollars |
★★★★★★ |
NamSys (TSXV:CTZ) |
1.11 Canadian dollars |
30.89 million Canadian dollars |
★★★★★★ |
Click here to see the full list of 947 stocks from our TSX Penny Stocks Screener.
Below, we highlight a few of our favorites from our exclusive review.
Assessment of the financial condition of Simply Wall St: ★★★★★★
Overview: Irving Resources Inc. is a junior exploration stage company focused on the acquisition and exploration of mineral properties in Canada and Japan, with a market cap of C$27.61 million.
Operations: There are currently no reported revenue segments for this junior exploration company focused on mineral properties in Canada and Japan.
Market Capitalization: 27.61 million Canadian dollars
Irving Resources Inc., a pre-revenue junior exploration company, remains debt-free with C$3.6 million in current assets exceeding its current and long-term liabilities. Despite being unprofitable, it has reduced losses over the past five years by 14.9% per year. The company’s share price has been highly volatile recently, and shareholders have experienced dilution of 3.7% over the past year. Irving’s strategic alliance with Newmont Overseas Exploration Limited and Sumitomo Corporation formed a joint venture for his Yamagano and Noto properties, positioning him as the initial manager with potential future management from Newmont.
Assessment of the financial condition of Simply Wall St: ★★★★★☆
Overview: Foraco International SA, with a market cap of C$221.84 million, offers drilling services in North America, Europe, the Middle East, Africa, South America, and the Asia-Pacific region.